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China's dependency on imported natural gas is expected to surge almost 19 percent this year as the nation's battle against air pollution drives up demand for the clean-burning fuel. The nation's reliance on overseas gas exceeded 30 percent for the first time in 2013, according to a report released by CNPC Economics and Technology Research Institute.
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  • (Xinhua)2017-09-23 16:36

    TIANJIN - China's mining sector saw revenues increase 12.4-fold year-on-year in 2016, due to improved technology in prospecting and mining, said China's land resources minister Saturday. China spent more than 77 billion yuan ($11.7 billion) in geographic prospecting in 2016 to verify new reserves of...

  • (Xinhua)2017-09-21 09:24

    BEIJING - Chinese Vice-Premier Zhang Gaoli and his Russian counterpart Arkady Dvorkovich Wednesday agreed to expand energy cooperation between the two countries. Zhang and Dvorkovich made the remarks when co-chairing the 14th annual meeting of the China-Russia Energy Cooperation Committee. Zhang sai...

  • (Xinhua)2017-09-19 09:57

    HANGZHOU - Fourteen foreign companies signed contracts worth $4.8 billion on Monday to do businesses in the pilot free trade zone in East China's Zhejiang province. The contracts were among the 20 projects signed at the first international petroleum and natural gas enterprises conference held in Han...

  • By Zheng Xin In Beijing And Shi Xiaofeng In Hangzhou(China Daily)2017-09-19 07:42

    China welcomes foreign oil and gas companies to continue investing in the country as the undergoing oil and gas industry reform is believed to bring more opportunities for cooperation. Foreign companies are welcome to invest in China in oil and gas exploration, production capacity construction, oil ...

  • By Hu Yongqi(China Daily)2017-09-19 07:21

    Support given to Shanxi's economic transformation Shanxi province was granted more support from the central government to achieve economic transformation as an energy resource-based economy, according to a guideline released by the State Council on Monday. The document set goals on establishing a me...

  • (Xinhua)2017-09-18 17:12

    BEIJING - Wang Junfeng and seven fellow Chinese researchers at Harvard Medical School gave up life in the United States to move to a small island on the outskirts of Hefei, capital of East China's Anhui province. "Science Island" is home to more than 10 research institutes and 1,000 top researchers ...

  • (Xinhua)2017-09-18 10:31

    BEIJING - A Chinese expert has stressed the need to clean up coal use and improve its efficiency as the traditional fuel will long continue to dominate China's energy mix. Despite efforts to reduce its share in energy consumption, coal will continue to be widely used, Xie Kechang, an academician of ...

  • (China Daily)2017-09-18 07:50

    The pick-up in Consumer Price Index is unlikely to sustain, analysts say BEIJING - China's inflation accelerated faster than expected in August, but remained mild overall, leaving policymakers room for containing financial leverage and risks. Fresh data showed on Sept 9 that the Consumer Price Index...

  • By Zhang Yu In Shijiazhuang(China Daily)2017-09-15 09:15

    PM2.5 concentration, number of heavily polluted days to be cut 15% With smog hitting the northern regions before the weekend, Hebei province has vowed to take tough measures against air pollution, which is expected to be serious this winter. The smog, which usually occurs in late autumn and winter, ...

  • (China Daily)2017-09-15 07:59

    GOVT AND POLICIES Central bank injects fresh funds to market China's central bank on Thursday injected fresh funds to the money market via reverse repos to keep liquidity stable. The People's Bank of China pumped 100 billion yuan ($15.3 billion) into the financial system via a process by which the c...

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